Bail Out Bill Fails in The House

[AUTailgatingRules]

Voting just closed on the house floor, bill goes down in flames.

[AWK]

Dow goes down 700 points, rebounds a little at 520 right now.  I always wanted to be here for Armageddon, woot!

[AuburnChopper 3.0]

I guess the banks and financial world will just have to get better and correct itself.  It was going to be hard either way, but we'll all be better for it in the future if our assets are simply moved, re-secured by larger, better run companies as opposed to a hand out given to the same people that jacked it all up in the first place.   Small dying fish get eaten by the bigger better stronger fish.  It's common sense and the base of success with our economy.   This country and financial strength wasn't built on bail outs, it was built on better people growing and replacing the failing older ones.

We'll see what happens.  People keep saying, what about credit?  Fuck people, the bigger companies buying these failures have the available credit, and God forbid if the guidelines get more strict and keep the failures out.  What a concept.

[AWK]

I guess the banks and financial world will just have to get better and correct itself.  It was going to be hard either way, but we'll all be better for it in the future if our assets are simply moved, re-secured by larger, better run companies as opposed to a hand out given to the same people that jacked it all up in the first place.   Small dying fish get eaten by the bigger better stronger fish.  It's common sense and the base of success with our economy.   This country and financial strength wasn't built on bail outs, it was built on better people growing and replacing the failing older ones.

We'll see what happens.  People keep saying, what about credit?  Fuck people, the bigger companies buying these failures have the available credit, and God forbid if the guidelines get more strict and keep the failures out.  What a concept.

But what happens when the companies that fail are not replaced?

[AuburnChopper 3.0]

But what happens when the companies that fail are not replaced?

Who hasn't been purchased, or replaced thus far?  I hear what you're saying, I'm just arguing that so far, it hasn't happened.   If a company fails, and it's interests are liquidated at a loss, then that is part of the failure of that particular institution.  They will either be purchased, or prosecuted by those holding the losses.   It's the market, it's the game and it's part of business. 

I'm not excited about it, but I'd be more than interested if my paycheck starts feeling the brunt because of crooked politics and poor business practices of someone else s doing.

[JohnDeere]

But what happens when the companies that fail are not replaced?

uuhhhhhh, ever hear of capitalism. If there is a niche in the market a successful company will find it and fill that hole.

[kirkAU]

agreed.  i'm not happy with the situation.  but i'm conservative about the market and economy.  A free-market, in theory will correct itself or balance itself out, it'll just take some time and it'll be painful to some.  but that's part of the market and people/companies reap what they sow.  give out bad loans with no collateral down, well ya'll know the rest. 

If government regulation caused the problem, why would we want government to solve it?  Government says, "everyone is entitled to a house, start loaning to those people who you probably wouldn't loan to...etc"

I see it like this: an arsonist starts a fire in the woods.  This wildfire is spreading and growing and burning up the forrest.  The firefighters need help, a strategist, to guide them to fight the fire.  Would you hire the arsonist to help you?  of course not.

Why ask the government (at the tax payers expense) who caused the problem to come and fix it.  "i'm from the federal government and i'm here to help."  famous last words

[RWS]

Who hasn't been purchased, or replaced thus far?  I hear what you're saying, I'm just arguing that so far, it hasn't happened.   If a company fails, and it's interests are liquidated at a loss, then that is part of the failure of that particular institution.  They will either be purchased, or prosecuted by those holding the losses.   It's the market, it's the game and it's part of business. 

I'm not excited about it, but I'd be more than interested if my paycheck starts feeling the brunt because of crooked politics and poor business practices of someone else s doing.

this year alone my dad's diversified 401(k) lost around $15,000 because of the stock market and all of this bullshit. i'm glad he changed it to the fixed rate plan a few weeks ago, otherwise there would have been an assraping today. when i worked at Winn-Dixie my 401(k) was diversified as well......all i have to say is thank God for the Retirement Systems of Alabama.

[AUChizad]

http://www.collegehumor.com/video:1831863

[GarMan]

when i worked at Winn-Dixie my 401(k) was diversified as well......

Wow...  So much for that troubled economy.  When Winn-Dixie can afford to provide 401k accounts to bag boys, things must be rockin'!